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Amendment of the Corporation Code of the Philippines

Position Paper on the Amendment of the Corporation Code of the Philippines: Incorporating the United Nations Guiding Principles on Business and Human Rights in the Corporation Code of the Philippines

The Commission on Human Rights welcomes the invitation of the Committee on Trade and Industry of the 17th Congress of the House of Representatives and submits this position paper on the proposed amendment of Batas Pambansa Blg. 68, otherwise known as The Corporation Code of the Philippines.

In proposing amendments to the Corporation Code, the Commission draws upon the United Nations Guiding Principles’s (UNGP) second pillar–corporate responsibility to respect human rights–which provides two ways by which business enterprises can comply with their corporate responsibilities under the UNGP: one is to avoid causing or contributing to adverse human rights impacts through their own activities, and address such impacts as they occur; and the other is to seek to prevent or mitigate adverse human rights impacts that are directly linked to their operations, products or services by their business relationships, even if they have not contributed to those impacts.

 

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